Kalachakra Organization Committee Announces Financial Details

Head of Kalachakra Organizing Committee speaks at a press conference Wednesday.

Kalachakra Organizing committee announced financial details of the 32nd Kalachakra Initiation held from December 31, 2011 to January 10, 2012 in Bodh Gaya in Bihar, India.

In a press conference today at Lhakpa Tsering memorial hall, Ven. Phurbu Samdup, one of the directors of Kalachakra Organizing committee said the recent Kalachakra generated a total sum of Rs. 32,93,33,249.00. "The total expenditure at the event was Rs. 25,78,33,249.00 thus Rs 7,15,00,000 remained as Surplus," said Ven. Samdup.

Ven Samdup added that the organizing committee of Kalachakra unanimously agreed to donate the surplus money for welfare organizations and charities. He said the commitee will donate Rs.1,15,00,000 to different charities including the Chief Minister relief fund and Rs. 6,00,00,000 for different Tibetan educational and welfare purposes.